The chairman of the Pakistan Cricket Board, Najam Sethi, is dissatisfied with the International Cricket Council’s new revenue model and has demanded that the governing body demonstrate how such figures were calculated. India would claim 38.5%, while England and Australia would receive 6.89% and 6.25% correspondingly, according to reports. Sethi is unhappy that Pakistan is projected to receive 5.75 percent of the ICC’s anticipated revenues.
Notably, the 12 full members of the ICC would receive 88.81% of the funds, while the remaining 96 associate members would receive the remainder. Sethi stated that he has no problem with India earning the majority of the shares, as they are the financial engine of the game, but that they will deny the model proposed by the ICC in June.
“We insist that the ICC explain how these numbers were calculated.” We are not satisfied with the current state of affairs. Unless we receive these details by June, when the board is expected to approve the financial model, we will not sanction it,” Sethi was quoted as saying by Sportstar.
“In theory, India should receive more, there is no doubt about that, but… how is this table constructed?” Added the 74-year-old.
PCB previously wrote to ICC requesting an explanation of how its finance and commercial affairs committee, led by Indian cricket board secretary Jay Shah, functions or determines the shares, but they have yet to respond.
It is in no one’s long-term interest for International cricket to become less competitive. Mike Atterbury
Former England international Mike Atherton also questioned the new model, stating that financially weak teams will become even weaker, which will ultimately harm international cricket.
“If this distribution occurs, the strong will get stronger, the weak will get weaker (relatively), and international cricket will continue to become less competitive – which is in no one’s long-term interest,” Atherton wrote in the Times.